Bahrain pushes ahead with Muharraq city redevelopment plan Halliburton wins multi-year Aramco gas development contract Saudi: Kent secures long-term deals with Aramco for future EPC projects Oman and Jordan launch $100mln investment firm Modon, ADIB introduce Abu Dhabi’s first off-plan home financing solutions Abu Dhabi launches maritime investment guide to attract global businesses Saudi Arabia inaugurates over 900km of roads to boost connectivity Gulftainer unveils $2bln global trade infrastructure strategy Saudi Arabia's trade surplus surges 60% to over $24bln in Q1 2026 UAE, Panama discuss boosting trade, investment, supply chains as part of 'UAE Trade Days' Sharjah Chamber registers 30,000 memberships in H1 Saudi tourism spending reaches record $81bln in 2025 Dubai's AMIS breaks ground on Jacob & Co.’s villa community; targets $10bln IPO in three years UAE's new government work model to deploy Agentic AI in public services Indonesia, Kuwait strengthen strategic energy partnership Kuwait unveils framework for 15-year residency for expat investors Riyadh Air takes off on first domestic route to Jeddah Bahrain issues laws to protect investments Qatar's Hamad Port sails into the world's top eight Kuwait air traffic returns to normal, flights resume QatarEnergy announces new oil discovery offshore Namibia UAE developer Alef launches $1.1bln mixed-use development in Sharjah ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says Dubai real estate deals in April surge to $18.7bln Saudi's SAMA mandates advance notification of investment rounds by financing companies Qatar maritime trade activity accelerates in May Oil steadies as uncertainty over US-Iran talks keeps markets on edge Qatar: Relatively hot daytime conditions expected, moderate night Dubai Centre for Family Businesses explores ways to strengthen business adaptability Saudi Crown Prince, UAE President discuss regional security and cooperation

Log in

عربي

Media Centre

Home » Media Centre

Investments by Dubai companies in Turkey hit $2bln: Dubai Chambers President

Investments by Dubai companies in Turkey hit $2bln: Dubai Chambers President

Investments by Dubai companies in Turkey hit $2bln: Dubai Chambers President

Oct 14, 2024

ISTANBUL - Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said that Turkish investments in Dubai’s market amounted to approximately $100 million between 2015 and 2023, while Dubai-based companies have invested nearly $2 billion in Türkiye from 2018 through the first half of 2024.

In a statement to the Emirates News Agency (WAM) during a trade mission to Türkiye, which includes 16 companies from Dubai, Lootah said that the visit aimed to boost bilateral trade and investment ties between the UAE and Türkiye. The mission follows last year’s signing of a Comprehensive Economic Partnership Agreement (CEPA), marking a key step in deepening economic relations between the two countries.

Lootah added that the number of Turkish companies registered as active members of the Dubai Chamber of Commerce grew from 315 in 2014 to over 3,257 by mid-2024—an increase of 934% over the past decade. He attributed this growth to Dubai’s global competitiveness and business-friendly environment.

He also emphasised key trade sectors such as metals and stones, noting their strong performance, and pointed to the digital economy as a promising area for future growth. He encouraged Turkish firms, known for their software expertise, to tap into opportunities to export digital services from Dubai to European markets.